Anonymous donor gives $5 million to Loyola business school

An anonymous donor has given $5 million to Loyola University Chicago’s Quinlan School of Business.

The money will be used to launch the Raymond C. Baumhart, S.J., Center for Social Enterprise and Responsibility.

Here is a news release from the university:

During this season of giving, Loyola’s Quinlan School of Business has much for which to be grateful. Thanks to a $5 million gift from an anonymous donor, the school is launching the Raymond C. Baumhart, S.J., Center for Social Enterprise and Responsibility.

The Baumhart Center builds on Quinlan’s longstanding legacy in ethics, marrying its Jesuit mission of being “people for others” with the business ethos of acting from self-interest. The center will facilitate debates about the moral foundations and practical merits of the free enterprise system while helping organizations assess the efficacy (ROI) of their community outreach efforts. The center will also provide opportunities for students to engage in research, consulting, and internships, and it will partner with other Loyola centers and departments, including the Family Business Center, Center for International Business, and Center for Risk Management.

The announcement comes just a month after the school launched another center, focused on supply and value chain management—a distinguishing mark for Quinlan.

“This has been an unprecedented year of growth for our school,” said Kathleen A. Getz, dean of the Quinlan School of Business. “Building on the $40 million endowment we received this summer from Michael R. Quinlan, we are positioned to pursue new opportunities while enhancing our current strengths. The Baumhart Center will further promote our belief that business can be a force for good.”